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Sep 25, 2012
09/12
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. >> tom: the presidential election is only 43 days away. traders and investors are watching the race closely because the outcome will help determine the direction of the economy and financial markets. all this week well be talking to traders in the trenches to get their views on how politics influence the markets. today, erika miller spoke with jonathan corpina, a trader at the new york stock exchange. >> to the presidential election is only about six weeks away. how are traders in general viewing the election? >> it's a very interesting time right now. and if you look at our current election and the process, it's a tight race. every week the numbers cope changing. but not by that much where there is an outright expected winner at this point right now. so the uncertainty of how this election is going to pan out is somewhat helping this market. i think it's keeping more people in this market. >> reporter: you were on the floor four years ago. how does the mood today compare to back then. >> you know, the mood, i think, is a little bit differ
. >> tom: the presidential election is only 43 days away. traders and investors are watching the race closely because the outcome will help determine the direction of the economy and financial markets. all this week well be talking to traders in the trenches to get their views on how politics influence the markets. today, erika miller spoke with jonathan corpina, a trader at the new york stock exchange. >> to the presidential election is only about six weeks away. how are traders in...
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Sep 29, 2012
09/12
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so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i just don't kn
so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben...
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Oct 2, 2012
10/12
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that is the big issue around the election. we won't really see action on that until december. >> well, putting all the stuff that we've been talking about in perspective, this is a very confusing time for most investors. and there's a lot of skepticism about putting their money in stocks as you know, money continues to flow into bonds. what is the one strategy or the one theme that you're telling your clients and that our viewers can take advantage of? >> one of the most durable themes in the markets right now we think is a declining dollar based on the fed's policy, based on what is happening in europe as they kind of move toward getting their act together. and then all the risk around the fiscal cliff. a falling dollar means precious metals may be a good hedge for your portfolio. and so that is one of the ways you can at least profit from some of the challenges facing the economy in the fourth quarter. >> susie: real quickly would you put your money in gold, is that what you are saying, whether stocks or the metal itself? >>
that is the big issue around the election. we won't really see action on that until december. >> well, putting all the stuff that we've been talking about in perspective, this is a very confusing time for most investors. and there's a lot of skepticism about putting their money in stocks as you know, money continues to flow into bonds. what is the one strategy or the one theme that you're telling your clients and that our viewers can take advantage of? >> one of the most durable...
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Sep 26, 2012
09/12
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we hear what gold traders are watching in this year's election. the positive data on home prices and consumer confidence wasn't enough to keep stock buyers interested throughout today's trading. it did help the morning trading with the s&p 500 in positive territory through the noon hour, eastern time. comments about the "meager benefits" of the federal reserve's latest bond buying program coming from the head of the philadelphia fed bank weighed on the index, and it sank into the closing bell, finishing down 1.1%. trading volume increased from yesterday's pace-- 752 million on the big board; just under two billion on the nasdaq. financial stocks, technology and the materials sector led the losers, down 1.5% each. caterpillar's warning about its 2015 earnings late yesterday hung over its shares today. cat's 4.2% drop waóúude worst among dow industrial stocks. volume doubled with the stock falling to a three-week low. the company blames its muted forecast on an anemic global economy. the good news on home prices today helped home depot become one
we hear what gold traders are watching in this year's election. the positive data on home prices and consumer confidence wasn't enough to keep stock buyers interested throughout today's trading. it did help the morning trading with the s&p 500 in positive territory through the noon hour, eastern time. comments about the "meager benefits" of the federal reserve's latest bond buying program coming from the head of the philadelphia fed bank weighed on the index, and it sank into the...